First Western Financial (NASDAQ:MYFW) Upgraded at Zacks Research

First Western Financial (NASDAQ:MYFW) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Wall Street Zen raised shares of First Western Financial from a “sell” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, First Western Financial presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

First Western Financial Stock Performance

Shares of NASDAQ MYFW opened at $23.02 on Monday. The firm has a fifty day moving average price of $22.51 and a 200-day moving average price of $21.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market cap of $223.75 million, a PE ratio of 19.34 and a beta of 0.87. First Western Financial has a 1 year low of $17.10 and a 1 year high of $24.88.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The firm had revenue of $22.42 million during the quarter, compared to analysts’ expectations of $25.28 million. First Western Financial had a return on equity of 4.55% and a net margin of 6.50%. Equities analysts anticipate that First Western Financial will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total transaction of $117,950.00. Following the completion of the transaction, the chief executive officer owned 757,164 shares in the company, valued at approximately $17,861,498.76. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On First Western Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in First Western Financial during the second quarter valued at $2,194,000. Colorado Capital Management Inc. bought a new position in First Western Financial during the second quarter valued at $897,000. Los Angeles Capital Management LLC bought a new position in First Western Financial during the second quarter valued at $755,000. Nuveen LLC bought a new position in First Western Financial during the first quarter valued at $553,000. Finally, Strs Ohio bought a new position in First Western Financial during the first quarter valued at $489,000. Institutional investors own 60.26% of the company’s stock.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.